DeFi Development (DFDV) Balance Sheet: Assets & Liabilities

DeFi Development (DFDV) Balance Sheet

As of Dec 31, 2025 (end of fiscal 2025), DeFi Development reported total assets of $307.41M and total liabilities of $208.15M. Shareholders' equity was $99.26M, up 2734.5% from $3.50M a year earlier. Total debt stood at $127.47M against $9.60M in cash and short-term investments, a net debt position of $117.87M. That puts debt-to-equity at 1.28, compared with 0.00 a year earlier.

DeFi Development Balance Sheet Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for DeFi Development Corp. (DFDV) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Current Assets
Cash and Cash Equivalents	5.92	2.52	5.08	0.98	1.71	0.42
Short-Term Investments	3.68	0.34	0.00	0.00	0.00	0.00
Cash & Short-Term Investments	9.60	2.86	5.08	0.98	1.71	0.42
Accounts Receivable	0.05	0.20	0.09	0.04	0.11	0.30
Inventory	0.00	0.00	0.00	0.00	0.00	0.00
Other Current Assets	112.71	0.22	0.13	0.01	0.00	0.01
Total Current Assets	121.93	3.27	5.29	1.03	1.84	0.72
Non-Current Assets
Property, Plant & Equipment (Net)	0.00	0.05	0.09	0.11	0.00	0.00
Goodwill	0.61	0.61	0.61	0.00	0.00	0.00
Intangible Assets	3.02	0.38	0.68	0.02	0.02	0.02
Other Non-Current Assets	181.86	0.06	0.02	0.01	0.00	0.00
Total Non-Current Assets	185.48	1.10	1.39	0.31	0.02	0.02
Total Assets	307.41	4.38	6.68	1.34	1.86	0.74
Current Liabilities
Accounts Payable	6.82	0.34	0.54	0.16	0.08	0.03
Short-Term Debt	0.11	0.01	0.05	0.05	0.00	0.00
Accrued Liabilities	-	0.01	0.05	0.05	-	-
Deferred Revenue	0.08	0.24	0.08	-0.16	0.00	0.00
Other Current Liabilities	73.78	0.00	0.00	0.00	0.00	0.00
Total Current Liabilities	80.79	0.59	0.68	0.20	0.08	0.03
Non-Current Liabilities
Long-Term Debt	127.36	0.00	0.01	0.07	0.00	0.00
Other Non-Current Liabilities	0.00	0.18	0.18	0.54	1.36	0.84
Total Non-Current Liabilities	127.36	0.28	0.19	0.61	1.36	0.84
Total Liabilities	208.15	0.87	0.87	0.81	1.44	0.87
Stockholders' Equity
Common Stock	0.00	0.00	0.00	0.00	0.00	0.00
Retained Earnings	-91.77	-9.37	-6.64	-3.27	-2.01	-0.13
Accumulated Other Comprehensive Income	-0.03	0.00	0.00	0.00	0.00	0.00
Treasury Stock	11.52	-	-	-	-	-
Additional Paid-in Capital	191.06	12.87	12.46	3.79	2.43	0.00
Shares Outstanding	29.89	9.91	9.67	8.74	8.74	-
Total Stockholders' Equity	99.26	3.50	5.82	0.53	0.42	-0.13
Total Liabilities & Equity	307.41	4.38	6.68	1.34	1.86	0.74

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About DeFi Development Balance Sheet

How much debt does DeFi Development have?

DeFi Development had total debt of $127.47M as of Dec 31, 2025, against $9.60M in cash and short-term investments. Its debt-to-equity ratio was 1.28. Total debt was $13.93K a year earlier.

What are DeFi Development's total assets?

DeFi Development reported total assets of $307.41M as of Dec 31, 2025, up 6925.3% from $4.38M a year earlier. Total liabilities were $208.15M.

What is DeFi Development's shareholders' equity?

DeFi Development's shareholders' equity was $99.26M as of Dec 31, 2025, or about $3.32 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition